Capitalise interior furnishing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2012
can we capitalise interior furnishing of rented building?
for instance shop furnishing with lights,shelves,false ceiling etc. should we take shelves in furniture, lights in electrical fittings etc as there doesnot seem to be a head for interior furnishing.
Then False ceiling costed 1 lakh under which head as this rented building
Can painting of rented building (-shop) also be capitalised?
for instance shop furnishing with lights,shelves,false ceiling etc. should we take shelves in furniture, lights in electrical fittings etc as there doesnot seem to be a head for interior furnishing.
Then False ceiling costed 1 lakh under which head as this rented building
Can painting of rented building (-shop) also be capitalised?
05 July 2012
shelves can be taken in furniture,false ceiling can be taken to building cost(1 lakh can be capitalised)
2. painting cannot be capitalised as it doesnt increases the efficiency or capacity of asset
2. painting cannot be capitalised as it doesnt increases the efficiency or capacity of asset
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Disallowance of Section 43B(h) to sez units
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
